Definition of Derivative Instruments Sample Clauses

Definition of Derivative Instruments. Section 27 of the Existing Merton Notes is hereby amended to add the following definition: (fffff) “Derivative Instruments” means (i) derivative instruments that create short-equivalent positions provided that securities equivalent in kind and amount to the securities “sold short” (or securities convertible into or exchangeable for such securities) are set aside and held while the instrument is outstanding, (ii) derivative instruments that create long equivalent positions in debt or equity instruments, and (iii) other derivative instruments as may be approved in writing by the Designee.
Sample 1
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Related to Definition of Derivative Instruments

  • Derivative Instruments Any and all material swaps, caps, floors, futures, forward contracts, option agreements (other than options issued under the Company’s shareholder-approved benefit plans) and other derivative financial instruments, contracts or arrangements, whether entered into for the account of the Company or one of its Subsidiaries or for the account of a customer of the Company or one of its Subsidiaries, were entered into in the ordinary course of business and in accordance with applicable laws, rules, regulations and policies of all applicable regulatory agencies and with counterparties believed by the Company to be financially responsible. The Company and each of its Subsidiaries have duly performed in all material respects all of their obligations thereunder to the extent that such obligations to perform have accrued, and there are no breaches, violations or defaults or allegations or assertions of such by any party thereunder except as would not, singly or in the aggregate, reasonably be expected to have a Material Adverse Effect.

  • Amendment of Defined Instruments Unless the context otherwise requires or unless otherwise provided herein the terms defined in this Agreement which refer to a particular agreement, instrument or document also refer to and include all renewals, extensions, modifications, amendments and restatements of such agreement, instrument or document, provided that nothing contained in this section shall be construed to authorize any such renewal, extension, modification, amendment or restatement.

  • Addition of Definitions With respect to the Senior Notes only, Section 1.01 of the Base Indenture is amended to include the following definitions (which shall be deemed to arise in Section 1.01 in their proper alphabetical order):

  • Promissory Notes and Tangible Chattel Paper If the Debtor shall at any time hold or acquire any promissory notes or tangible chattel paper, the Debtor shall forthwith endorse, assign and deliver the same to the Secured Party, accompanied by such instruments of transfer or assignment duly executed in blank as the Secured Party may from time to time specify.

  • Definition of the Terms “Business Day”, “Affiliate” and “Subsidiary”. For purposes of this Agreement, (a) “business day” means each Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York are generally authorized or obligated by law or executive order to close, and (b) “affiliate” and “subsidiary” have the meanings set forth in Rule 405 under the Securities Act.

  • Credit Agreement Definitions Unless otherwise defined herein or the context otherwise requires, terms used in this Pledge Agreement, including its preamble and recitals, have the meanings provided in the Credit Agreement.

  • Definition of Events of Default “Event of Default” means the occurrence of any of the following:

  • ANNEX This Annex will become effective as of the Effective Date, subject to the requirements of Section 1.

  • Definition of Default The BUYER shall be deemed to be in default under this CONTRACT in the following cases:

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

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